April 4, 2011

China Mengniu Dairy's 2010 net profit up 10.98%

China Mengniu Dairy Co Ltd, a major dairy producer based in Inner Mongolia, announced yesterday that its net profit increased 10.98% on-year to RMB1.24 billion (US$190 million), while its operating revenue increased 17.7% on-year to RMB30.27 billion (US$4.6 billion).

Its earnings per share were RMB0.71 (US$0.11) in the reporting period and the dividend will be RMB0.16 (US$0.04) per share.

The company produced 650 tonnes of dairy products last December.